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Gross Profit Method - Cost Analysis For each of the following, find the a . Sales, b . Cost c . Profit 1 . Sales

Gross Profit Method-Cost Analysis
For each of the following, find the a. Sales, b. Cost c.Profit
1. Sales is 150% of profit and cost is $40,000
2. Cost is 40% of Sales and profit is $40,000
3. Profit is 30% of Cost and Sales is $40,000
4. Sales is 160% of cost and cost is $40,000
5. Cost is 60% of profit and profit is $40,000
6. Profit is 30% of sales and Sales is $40,000

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